Research On Dynamic Investment Decision-making Of High-tech Project

High-tech is turning out to be prominent drive for social economic development in the 21^st century. With respect to this tendency, more and more enterprises are paying more attention to high-tech and taking actively part in investment. However, the investment for high-tech project is a highly risky activity, which faces various influences. It is possible that the project investment would be failed or failed to reach the anticipated technical & economic target for the mistake of investment decision -making. The mistake of investment will cause economic losses. Therefore, scientific investment decision-making plays an extremely important role for success of high-tech project investment, when the high-tech projects are invested. It not only reduces the risks of high-tech project investment, but also increases the success of the investment.From professional risk investment perspective, the paper first discusses life circle and characteristics such as large investment, quick return and high risk of high-tech project. On the basis of comprehensive analysis of investment decision-making systems and methods, the paper makes more details on investment decision-making process of high-tech project and points to that the investment decision-making not only is made before investment, but also is made through the process of high-tech project. Meanwhile, the paper makes necessary explanation to the use of funds and points to the necessary of injecting funds on more phases. At last, the paper puts forward a high-tech project investment decision-making phase of the two gray evaluation model, In view of the current investment evaluation process of focusing on high-tech project without paying attention to the evaluation of the overall enterprise value of high-tech and management experience in the team situation, this paper proposes a two-stage gray appraisal and decision-making model to evaluate high-tech projects. First, assess the value of high-tech enterprises, and then evaluate the risk of high-tech projects. According to this way, the company can select the higher value and less risk high-tech project. In a word, high-tech projects research will be put from the qualitative and quantitative aspects, and this paper makes beneficial research to investment of high-tech project in China.